MXC Forex

Introduction

MXC Group is a broker that offers trading across various asset classes, including forex, precious metals, crude oil, energy products, and cryptocurrencies. The company was previously licensed by the Labuan FSA (LFSA), but its legal status now shows that the license has been revoked — a point that requires careful consideration before trading.

This article reviews the key aspects of MXC Group to give you an overview of its pros and cons, trading conditions, and related risks.

Pros & Cons

Pros:

• Supports the MT4 platform — widely used and feature-rich.
• Low minimum deposit requirement: $10.
• Offers multiple leverage levels for different account types.
• Active on social media (Facebook, YouTube, LinkedIn).

Cons:

• The official website is currently inaccessible, raising transparency concerns.
• Reports of withdrawal difficulties and fraud allegations.
• Deposit/withdrawal fees vary by method — potentially increasing trading costs.

Market Instruments

MXC Group provides access to:

• Forex (major, minor, exotic pairs)
• Metals (gold, silver)
• Crude oil and energy products
• Cryptocurrencies (Bitcoin, Ethereum, etc.)

This range allows traders to diversify their portfolios, though the benefits should be weighed against legal and liquidity risks.

Spreads & Commissions

MXC Group advertises spreads by account type (reference only):

• Gold: 0.5 pips (with commission)
• Standard: 0.3 pips
• Perfect: 2.0 pips
• VIP: 1.5 pips (no commission)

Since the website is currently inaccessible, some commission details remain unverified.

Trading Platform

MXC Group offers MetaTrader 4 (MT4) — a widely recognized platform supporting advanced charting, technical indicators, EAs (automated trading), and available in Desktop, Web, and Mobile versions.

Deposits & Withdrawals 

Listed methods include: VISA/MasterCard, Bitcoin, Wire Transfer, NETELLER, Skrill, China UnionPay, Alipay, PayPal, Perfect Money. Some reported fees:

• VISA/MasterCard: 4% deposit / 4% withdrawal
• Bitcoin: 5% withdrawal (deposit not specified)
• NETELLER: 5% + $0.29 deposit / 2% withdrawal
• Skrill: 5% deposit / 1% withdrawal
• PayPal: 4% for both deposit and withdrawal
• Perfect Money: 3% for both deposit and withdrawal

Other methods (China UnionPay, Alipay, Wire Transfer) did not have specific fees reported.

Customer Service

• Phone: +60 87599257
• Email: customercare@mxcforex.com
• Social Media: Facebook, YouTube, LinkedIn

Conclusion

MXC Group offers appealing features such as MT4 support, product variety, and a low minimum deposit. However, if you are considering trading with MXC Group, proceed with caution: always verify information through reliable sources, consider brokers regulated by reputable authorities, and only trade with capital you can afford to risk.